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Journalize the transactions assuming that the common stock

During the first year of operations, Benin's Health Club had the following transactions pertaining to its common stock

Jan. 8	Issued 50,000 shares for cash at $10 per share.
Aug. 1	Issued 25,000 shares for cash at $12 per share.

Instructions

(a) Journalize the transactions, assuming that the common stock has a par value of $1 per share.

(b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $0.50 per share.

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Cost Accounting: Journalize the transactions assuming that the common stock

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Cost Accounting: Journalize the transactions assuming that the common stock

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